QEP Resources (QEP): Price Target and June Short Interest Disclosure

QEP Resources (QEP) : The consensus price target for QEP Resources (QEP) is $23.83 for the short term with a standard deviation of $5.7. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $13.

QEP Resources (QEP) has seen a shortfall of 1,565,260 shares or 22.7% in the short interest. The remaining shorts are 2.2% of the total floated shares. The net short interest, as on June 30,2016, stood at 5,322,234 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 8,380,375 shares. On June 15,2016, 6,887,494 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Piper Jaffray upgrades their rating on the shares of QEP Resources (NYSE:QEP). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 15, 2016.


QEP Resources (NYSE:QEP): stock turned positive on Thursday. Though the stock opened at $17.92, the bulls momentum made the stock top out at $18.045 level for the day. The stock recorded a low of $17.64 and closed the trading day at $17.82, in the green by 1.37%. The total traded volume for the day was 6,340,397. The stock had closed at $17.58 in the previous days trading.

QEP Resources, Inc. (QEP) is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing, operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Companys operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North Americas hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas, oil and natural gas liquids (NGL).

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